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Industrial news – page 37
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Mesa West Provides $44M Refi for West Virginia Industrial ParkA joint venture between Hines and MetLife Investment Management has secured $43.8 million to refinance a pair of Class A industrial buildings that span 730,800 square feet in Martinsburg, W.Va., Commercial Observer can first report.
Representative imageCBRE Negotiates $6.9M Sale of Industrial Building in Wilmington, DelawareWILMINGTON, DEL. — CBRE has negotiated the $6.9 million sale of a 100,000-square-foot industrial building in Wilmington. The facility was built on a 5.9-acre site at 701 Garasches Lane between 1994 and 2002.
Marcus & Millichap Arranges $2.8M Sale of Industrial Building in PhoenixPHOENIX — Marcus & Millichap has brokered the $2.8 million sale of an industrial warehouse property near Phoenix Sky Harbor International Airport.
TCC Breaks Ground on 788,320 SF Spec Warehouse in Plainfield, IllinoisPLAINFIELD, ILL. — Trammell Crow Co. (TCC) has broken ground on Building 2 of Plainfield Business Center in Plainfield, about 40 miles southwest of downtown Chicago. The 788,320-square-foot spec warehouse is slated for completion by the third quarter of 2027.
Clear Height, Buligo Complete Sale of Midwest Manufacturing FacilityClear Height Properties and its investment partner, Buligo Capital Partners, announced the disposition of 10200 55th Street, a 354,000-square-foot single-tenant manufacturing and distribution facility located in Kenosha, Wisconsin.
JLL Negotiates Sale of 357,570 SF Distribution Center in Northwest HoustonHOUSTON — JLL has negotiated the sale of Fairbanks Northwest Distribution Center, a 357,570-square-foot industrial property in northwest Houston. The two-building, cross-dock complex was constructed on a 23.4-acre site in 2023.
Representative imageCenterPoint Acquires Two Industrial Buildings Totaling 192,318 SF in South HoustonHOUSTON — Chicago-based investment firm CenterPoint Investment Management has acquired two industrial buildings totaling 192,318 square feet in South Houston.
PNK Group Begins Construction on 1 MSF Industrial Facility in Griffin, GeorgiaGRIFFIN, GA. — PNK Group has begun construction on PNK Griffin 200, a 1 million-square-foot speculative industrial facility located at 35 S. McDonough Road in Griffin, about 38 miles south of Atlanta.
Metcalf Completes Construction of 475,880 SF Industrial Facility in Reno, NevadaRENO, NEV. — Metcalf Builders has completed construction of East Building 6 at the Comstock Commerce Center, a $24 million project within the Tahoe Reno Industrial Center (TRIC) in Reno. Locus Development Group owns the building, which is ready to support tenant operations.
Trumark Real Estate Management Buys Multi-Tenant Industrial Building in Peoria, Arizona for $20.7MPEORIA, ARIZ. — Trumark Real Estate Management has acquired a multi-tenant industrial building, located at 8700 N. 91st Ave. in Peoria, from The Initial Development Co. for $20.7 million. Geoffrey Turbow of CBRE represented the buyer in the transaction.
Marcus & Millichap Arranges $4.5M Sale of Flex Industrial Property in Colorado SpringsCOLORADO SPRINGS, COLO. — Marcus & Millichap has negotiated the sale of a flex industrial building located at 3450 N. Nevada Ave. in Colorado Springs. A private investor group based in California and New York acquired the property for $4.5 million.
Representative imageMissner Group Acquires 843,531 SF Industrial Portfolio in IndianaMERRILLVILLE AND WHITESTOWN, IND. — The Missner Group has acquired three Class A industrial properties totaling 843,531 square feet in Indiana. The acquisition includes a two-building, 540,986-square-foot portfolio located at 9401 and 9602 Georgia St.
Opus Breaks Ground on 80,000 SF Advanced Manufacturing Facility for ContiTech in IowaMOUNT PLEASANT, IOWA — Opus has broken ground on an advanced manufacturing facility for ContiTech, a group sector of Continental, at its existing plant in Mount Pleasant within eastern Iowa.
Provident Industrial Completes 161,408 SF Project in ArlingtonARLINGTON, TEXAS — Provident Industrial, a division of locally based firm Provident, has completed A20 Logistics Center, a 161,408-square-foot project in Arlington.
Representative imageFinial Group Negotiates 14,100 SF Industrial Lease Renewal in Northwest HoustonHOUSTON — Local brokerage firm Finial Group has negotiated a 14,100-square-foot industrial lease renewal in northwest Houston.
Representative imageCapstone Logistics Signs 37,000 SF Industrial Lease in Elmsford, New YorkELMSFORD, N.Y. — Capstone Logistics has signed a 37,000-square-foot industrial lease in Elmsford, located north of New York City in Westchester County. The space is located within the newly renovated building at 700 Executive Blvd.
Representative imageLingerfelt Sells Logistics Park in Colonial Heights, Virginia for $78.2MCOLONIAL HEIGHTS, VA. — Lingerfelt has sold Ashton Logistics Park, a 523,047-square-foot industrial facility located in Colonial Heights, a suburb of Richmond. Newmark represented Lingerfelt in the $78.2 million transaction. The buyer requested anonymity.
Representative imagePremier Logistics, Penwood Acquire Two Industrial Buildings in Inland Empire Totaling 1.5 MSFRIALTO, CALIF. — Premier Logistics Properties, in partnership with Penwood Real Estate Investment Management, has purchased two infill big-box warehouses in the Inland Empire.
CBRE Arranges 150K-SF Lease at Fargo Industrial ParkCBRE has arranged a 150,000-square-foot, long-term lease with Horwitz, LLC at Building 4 of the Dakota Commerce Center, a 633,200-square-foot industrial park in Fargo, North Dakota.
US Merchants Picks Up Rail-Ready Surprise Warehouse for $63.8MMohr Capital sold a recently delivered two-building industrial development in Surprise. US Merchants, a manufacturer of consumer goods and packaging, purchased Building One for $63.8 million.